Cascadia Blockchain Group (XCNQ:CK) Inventory Turnover : 0.00 (As of Oct. 2023)

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What is Cascadia Blockchain Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Cascadia Blockchain Group's Cost of Goods Sold for the three months ended in Oct. 2023 was C$0.03 Mil. Cascadia Blockchain Group's Average Total Inventories for the quarter that ended in Oct. 2023 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cascadia Blockchain Group's Days Inventory for the three months ended in Oct. 2023 was 0.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Cascadia Blockchain Group Inventory Turnover Historical Data

The historical data trend for Cascadia Blockchain Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cascadia Blockchain Group Inventory Turnover Chart

Cascadia Blockchain Group Annual Data

Trend

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Inventory Turnover

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Cascadia Blockchain Group Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Cascadia Blockchain Group Inventory Turnover Calculation

Cascadia Blockchain Group's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

Cascadia Blockchain Group's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	0.026	/ (	(0	+	0)	/	1 )
=	0.026	/	0
=	N/A

Cascadia Blockchain Group (XCNQ:CK) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Cascadia Blockchain Group's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	0	/	0.026	*	365 / 4
	=	0.00

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Cascadia Blockchain Group's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	0	/	0
	=

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Cascadia Blockchain Group Inventory Turnover Related Terms

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Cascadia Blockchain Group (XCNQ:CK) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Cascadia Blockchain Group Corp (XCNQ:CK) » Definitions » Inventory Turnover

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Address

Richmond Centre 6060 Minoru Boulevard, PO Box 43166, Richmond, BC, CAN, V6Y 3Y3

Website

http://www.cascadiacorp.com

Cascadia Blockchain Group Corp in an early stage of development for the application of blockchain technology under one segment in the development of blockchain technology platform in the digital asset and cryptocurrency sectors.

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